Ransomware Is The Number One Threat

Over one-third of organisations worldwide have experienced a ransomware attack or breach that blocked access to systems or data in the previous 12 months and currently the number of ransomware attacks and average ransom demands are significantly increasing and these attacks are the primary threat to most organisations.

Ransomware continues to be the number one threat to most organisations with serious effects on financial stability and major reputational damage at stake. 

A new report from Secureworks examines some of the most damaging cyber attacks and gives a comprehensive view of the threat landscape across the security industry to date. “The past year has seen headlines dominated by stories of cyber attacks: Russian supply chain attacks, Chinese espionage groups compromising tens of thousands of Microsoft Exchange servers, and widespread and brazen ransomware attacks by Russia-based cyber criminals”, the report says.

Ransomware incidents have soared over the past two years globally as criminal gangs operating from countries such as Russia and other former Soviet states, which turn a blind eye to their activities, generate tens of millions of dollars by extorting money from companies. Russia denies protecting cyber criminals and has said in the past that hackers exist everywhere. But western experts say most hacker gangs are based in the country, and are allowed to operate on the condition that they focus their efforts on targets abroad.

The menace of Ransomware-as-a-service (RaaS) affiliate models makes it easy for threat actors to scale their operations and target any industry or business regardless of size. In fact, these attacks can devastate even the largest global conglomerates. Indeed, ransomware gangs are becoming more and more aggressive in their pursuit of payments. Many of these groups have begun stealing sensitive documents and data. They often threaten to leak stolen files and data if victims don’t pay the ransom demanded. 

Organisations face hard work to solidify their defenses as criminal adversaries constantly innovate to circumvent them. There has been an 8% rise in ransomware threats and the average ransom sum requested in business email attacks in the first half of 2021 stands at  $85,000.

Ransomware presently accounts for over half of the incidents reported by Secureworks. It is the number-one threat that their  customers face. “No security program is complete without regular adversary testing to bring to light any immediate gaps in your security controls while allowing you to test your incident response preparedness,” says the Report. 

Criminal hackers carrying out ransomware attacks now represent a bigger risk to UK national security than online espionage by hostile states, Britain’s cyber defence chief has warned. Lindy Cameron, chief executive of the National Cyber Security Centre, a branch of GCHQ, urged British organisations to wake up to the threat from ransomware hackers, in a recent speech.

IDC:      Secureworks:    Guardian:      Infosecurity Magazine:        Financial Times:       Security Boulevard

You Might Also Read: 

Cyber Insurance - Making The Ransomware Crisis Worse:

 

« Inventive Ransomware Group Focused On Healthcare Data
Leaked Facebook Documents Reveal Discriminatory Practices »

CyberSecurity Jobsite
Check Point

Directory of Suppliers

LockLizard

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

Resecurity

Resecurity

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

NordLayer

NordLayer

NordLayer is an adaptive network access security solution for modern businesses — from the world’s most trusted cybersecurity brand, Nord Security. 

DataGuidance

DataGuidance

DataGuidance is a platform used by privacy professionals to monitor regulatory developments, mitigate risk and achieve global compliance.

Kaseya

Kaseya

Kaseya is a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBS).

360Logica

360Logica

360Logica is a software testing company offering numerous kinds of testing services to improve the quality and performance of your software and IT systems.

Council of Europe - Cybercrime Programme Office (C-PROC)

Council of Europe - Cybercrime Programme Office (C-PROC)

The Cybercrime Programme Office of the Council of Europe is responsible for assisting countries worldwide in strengthening their legal systems capacity to respond to cybercrime

PROOF

PROOF

PROOF is a Brazilian leader in cybersecurity. Our goal is to assist our Customers in managing security efficiently and in tune with business needs.

CPP Group UK

CPP Group UK

CPP Group UK develops products to help insurers add further value to their products and services through its innovative suite of new products in FinTech, InsurTech and cyber security.

AUTOCRYPT

AUTOCRYPT

AUTOCRYPT is a mobility security provider dedicated to the safety of future transportation

Internetwork Defense (IND)

Internetwork Defense (IND)

Internetwork Defense is a premier provider of Information Security Training and Business Consulting Services in the Mid-Atlantic region.

Ukrainian Special Systems (USS)

Ukrainian Special Systems (USS)

Ukrainian Special Systems (USS) is a state-owned commercial enterprise providing confidential communication, trust services and services in the field of information protection.

Center for Information Technology Policy (CITP) - Princeton University

Center for Information Technology Policy (CITP) - Princeton University

The Center for Information Technology Policy at Princeton University is a nexus of expertise in technology, engineering, public policy, and the social sciences.

iON United

iON United

iON United is a full-service IT security solutions provider and one of the most trusted names in cybersecurity in Canada.

Allentis

Allentis

Allentis provide adapted solutions to ensure the security and performance of your information system.

Redpoint Security

Redpoint Security

Redpoint Security is an application security consulting firm that is focused on all aspects of code security.

Cyber Management Alliance

Cyber Management Alliance

Cyber Management Alliance is closing the divide in cyberspace by bringing together the best qualities of thought leadership and operational mastery of cyber security management.

SideChannel

SideChannel

At SideChannel, we match companies with an expert virtual CISO (vCISO), so your organization can assess cyber risk and ensure cybersecurity compliance.

Index Engines

Index Engines

Index Engines is the world’s leading AI-powered analytics engine to detect data corruption due to ransomware.